Latest Banking News
CBE has no right to reduce CEOs’ tenures under banking law: legal adviser
CBE Governor Tarek Amer surprised the banking sector by issuing a decree…
United Bank leaders deny knowledge of selling bank to strategic investor
We have not yet received any formal notification from CBE, says El-Kady
CBE, international institutions begin assessing AAIB, Banque du Caire in preparation for IPO
Timing, price, and promotion are important factors for a successful launch on…
Banks to receive 1.5-4.75% commission in return for fixed exchange rate for foreign investment
This mechanism allows foreigners to contract with banks on a specific exchange…
Are CBE’s initiatives enough to develop SMEs?
Daily News Egypt speaks to experts on how to support and develop…
CBE reduces term of executive officials in banks to 9 years
The Central Bank of Egypt (CBE) issued on Thursday a decree to…
Credit Suisse to cut further 2,000 jobs
Swiss banking giant Credit Suisse is ramping up its restructuring program in…
Restructuring PBDAC, serving farmers’ interest are top priorities: El-Kosayer
El-Kosayer to hold first meeting in the PBDAC on Wednesday; controversy surrounds…
Private banks begin raising interest rates on saving schemes in pounds
The step came after public banks raised their interest rates and an…
CBE provides banks with $104.5m, sets US dollar price at EGP 8.78
On Tuesday, the official dollar price in banks was EGP 8.83 for…